Feb 28, 2013 7:00am PST
. >> joseph ratzinger, matt, in 2005, was one of only two cardinals who had participated in the papal elections. the two elections of 1978. he knows exactly what the purchas burden of responsibility is that these men are taking on themselves. he knows the conflicting emotions that many of them have. some of which greg and father baron have just described. i think he was saying to them, look, i know how you feel. and i am going to be with you in solidarity and in prayer over the next several weeks. of what is going to be a difficult test. >> at the same time, he has made clear, he does not want to exert undue influence on the process. this is not somebody who's behind the scenes twisting arms saying this should be the next pope? absolutely not, savannah. he is going to disappear. we're not going to see this man for months. he's too much a respecter of the process. he's too much of a respecter of his brother cardinals. and he's too, frankly, humble a human being to try to monkey in any way whatsoever with the selection of his successor. >> matt? >> yeah, i was curious, though, and fathe
Feb 28, 2013 1:00pm PST
knew benedict when benedict was joseph ratzinger. >> he could work with a real crowd and with his experience in theater and poetry and everything, he would really reach people like that. >> widmer, an author who teaches at catholic university, says as a swiss guard you never spoke to a pope or cardinal unless he addressed you first but he and benedict would chat when benedict was waiting to see pope john paul. >> completely open. >> reporter: what was he like to talk to? >> very -- he would ask me what my interests were and how i felt and how i saw things. >> reporter: and with a sense of humor, like when benedict offered to sign widmer's copy of a book that he written which was pretty thick. >> when i gave it to him he said, you're really reading this? and i said, i'm trying. he said, it helps to do it in small steps. >> reporter: but he also had a personal crisis as a guard, spending his first christmas away from home. john paul helped him through that. >> i sort of had a meltdown and right at that moment he comes out of his apartment and he noticed and he reached out to me and
Feb 28, 2013 9:00am EST
, after eight years, formal cardinal joseph rat ratzinger retires as pop. as we continue to see what the conclave will do as we search for his successor as the entire world watches what is happening with him. >>> got some breaking news out of the new york fed. a hard right turn here to steve liesman. >> why does this always happen to me, carl? >> hard to follow the pope, my man. >> exactly. let me do my best. the new york fed reporting that total consumer indebtedness rising a scant 3% to 11.3 trillion. housing debt was flat. it was a small gain but the first gain we've seen since the first quarter of 2011, that was thought to be a bit of a statistical anomaly. so maybe this is the first real gain. let me show you what rose. auto loans up 15 billion. credit cards up 5 billion. the perennial student loans up 10 billion and they have been rising quite a bit. delinquencies are quite high. all delinquencies declined except for student loans and they were up almost 12% and probably because of a whole bunch of different reasons, carl, they could be twice as high as that. carl, back to you.